FY2025 · ended Dec 31, 2025 · Revenue $289.84M, +7.8% YoY · Filed Feb 27, 2026
Saul Centers, Inc. (BFS) files with the SEC under industry code 6798, Real Estate Investment Trusts. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $289.8 million and net income of $37.5 million. As of Jun 30, 2026 it held $5.9 million in cash and investments and $1.6 billion in total debt.
Revenue (TTM)
$302.20M
+8.7% vs year-ago TTM
Net income (TTM)
$34.86M
-19.1% vs year-ago TTM
Operating cash flow (TTM)
$102.88M
-8.3% vs year-ago TTM
Free cash flow
$4.26M
-93.2% vs prior year
EPS (TTM)
$0.97
-26.2% vs year-ago TTM
Dividend per share
$0.59
-75.0% vs prior year
Shares outstanding
24.50M
+1.2% vs prior year
Net cash
$-1.60B
as of Jun 30, 2026
Operating margin
67.0%
FY 2026
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- BFS (NYSE), BFS-PD (NYSE), BFS-PE (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- Bethesda, MD
- SEC filer status
- Accelerated filer
- SEC CIK
- 907254
- Former names
- SAUL CENTERS INC (until Feb 27, 2020)
Other Real Estate Investment Trusts companies
- Welltower Inc. WELL
- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $289.8M | $268.8M | $257.2M | $245.9M | $239.2M |
| Operating income | $195.3M | $203.8M | — | — | — |
| Net income | $37.5M | $50.6M | $52.7M | $50.2M | $48.4M |
| Diluted EPS | $1.09 | $1.63 | $1.73 | $1.63 | $1.57 |
| Operating cash flow | $99.8M | $121.2M | $117.7M | $121.2M | $118.4M |
| Free cash flow | — | — | — | $4.3M | $62.5M |
| Total assets | $2.2B | $2.1B | $2.0B | $1.8B | $1.7B |
| Total liabilities | $1.7B | $1.6B | $1.5B | $1.3B | $1.2B |
| Stockholders' equity | $307.8M | $335.8M | $348.4M | $400.5M | $405.0M |
| Cash and investments | $8.7M | $10.3M | $8.4M | $13.3M | $14.6M |
| Total debt | $469.4M | $457.6M | $334.9M | $324.0M | $237.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Shareholder vote results, Regulation FD disclosure
|
May 11, 2026 | May 8, 2026 |
| 10-Q | Quarterly report | May 7, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 7, 2026 | May 7, 2026 |
| ARS | Annual report to shareholders | Mar 23, 2026 | Dec 31, 2025 |
All 1000 Saul Centers, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.